Fuel Dispenser Market Report, Top Companies Analysis, Latest Trends, Growing Demand and Forecast 2022-2027

According to IMARC Group latest report titled "Fuel Dispenser Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a comprehensive analysis of the industry, which comprises insights on fuel dispenser market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global fuel dispenser market reached a value of US$ 2.62 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.65 Billion by 2027, exhibiting a CAGR of 5.6% during 2022-2027.

A fuel dispenser is a device in fuel stations used to dispense or monitor liquid or gaseous fuel. It pumps liquid or gaseous fuels, such as petrol, diesel, and natural gas into vehicles, aircraft, storage tanks, or portable containers. It includes various parts, including hydraulic, metering, and hose/nozzle portions. It is installed at multiple locations to pump fuel into vehicles, storage tanks, or portable containers. It ensures easy access to different kinds of fuels and the pumping of a precise amount of fuel in the tank.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Market Trends:

The global market is majorly driven by the increasing number of national and international transportation activities. In line with this, rising investments in building CNG stations are positively influencing the usage of fuel dispenser systems. Furthermore, significant growth in the automotive industry, along with the widespread adoption of dual fuel or multi-fuel vehicles and significant developments in dispenser technology, is acting as another major growth-inducing factor. Moreover, various governments have planned targets to achieve carbon-free emissions and deployment of CNG stations in the coming years, thus offering numerous opportunities for the market. Besides this, the usage of alternative fuels in the automotive industry for cost-effectiveness, fuel efficiency, and emission control is catalyzing product demand. Additionally, key players are coming up with better and more advanced products, such as customizable fuel dispensers, to improve customer experience, thus aiding the market expansion.

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Competitive Landscape with Key players:

The report has also analysed the competitive landscape of the market with some of the key players being.
• Beijing SANKI Petroleum Technology Co. Ltd
• Bennett Pump Company
• Censtar Science & Technology Corp. Ltd
• Dover Corporation
• Fortive Corporation
• Korea EnE Co. Ltd
• Scheidt & Bachmann GmbH
• Tatsuno Corporation
• Tominaga Mfg. Company
• Zhejiang Lanfeng Machine Co. Ltd

Fuel Dispenser Market Segmentation:

Our report has categorized the market based on region, fuel type, dispenser system and flow meter.

Breakup by Fuel Type:
• Petroleum Fuels
• Compressed Fuels
• Biofuels
• Others

Breakup by Dispenser System:
• Submersible
• Suction

Breakup by Flow Meter:
• Mechanical
• Electronics

Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.

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